Description Birchwood Apartments is a 12 unit, 2 bedroom, 2 storey townhouse complex in downtown area of thriving Swan Hills.
Over $125,000 has been spent on upgrades/renos since 2002. The project was built in 1971. It is wood frame construction; has a new asphalt shingle roof; an exterior of stucco and wood siding; and a chain link fence. All units have ground level patios and yards.
There are New Hot Water Tanks & Boiler Pumps. All of the units and common areas have had renos including, but not limited to, new carpetand lino; paint; appliances, etc.
Tenants pay own power including their energized parking stall. There is a Cable connection in all of the units. The two sets of Coin Laundry Machines owned and come with the project. 8 units are fully appointed and tastefully furnished (Corporate Tenants). The contents of these units will also be included with the sale.
Birchwood Apartments are offered to you at a 9.92% cap rate based on Oct 2006 rents.
The On-Site Managers fully manage the project for the long term, out of area Owner. This includes any upgrading or maintenance work.
This is an Excellent Investment Opportunity at $53,333/unit. We have an additional project of 17 stes available as a package deal.
Swan Hills has the highest elevation in Alberta east of the Rockies at 4000 ft above sea level. It is located in the District of Big Lakes. It overlooks hectare after hectare of forest with several lakes & an ecological reserve. Swan Hills is noted for its pristine beauty and natural recreational opportunities, making it a Wilderness Playground.
Swan Hills was incorporated as a Town in 1967. It is situated on top of the 3rd largest oilfield in Canada and supplies 1/3 of Alberta's oil needs.
In 1987, the Alberta Government built the Alberta Special Waste Treatment Facility, which underwent an $85 Million expansion in 1992 to the 320 acre plant which employees approximately 80 people.
Swan Hills is a thriving community less than 2 hrs to Edmonton (209 km);1 hr to Whitecourt (80 km) & less than an hour to Slave Lake. The population is approximately 1807 people.
Directions from Edmonton: - Hwy 16 West towards Jasper - Take Hwy 43 North ramp towards Whitecourt/Grand Prairie/ Peace River (go .9 km) - Take Hwy 43 West (23 km) - Turn Right at Hwy 33 (32 km) - Continue on Hwy 654 (go 6.5 km) - Bear left at Hyw33 (go 106 km) - Turn right & go .7 km Welcome to Swan Hills!
For additional information, a proforma and/or an appointment to view the Birchwood Apartments Townhouses and the 17 unit Woodlands Apartments, Contact: Val Toffoli at 780-707-9395; email:vtoffoli@shaw.ca; website: www.valtoffoli.com)
Do not go direct. All appointments to be confirmed. More Information Val Toffoli Realty Executives Polaris Realty Cell: (780) 707-9395 Fax: (780) 433-0272 Email: vtoffoli@shaw.ca Web Site: http://www.valtoffoli.com/
12 Unit Townhouse Complex All 2 Bedroom Units - All Above Grade Each Unit has a patio/yard 8 Units fully appointed & furnished for corporate Clients Over $125,000 Spent on Upgrades since 2002 New Hot Water Tanks & New Boiler Pumps New Asphalt Shingle Roof! All Units & Common Areas have had upgrading including Appliances Available with another 17 Ste Apartment Project Offered at a 9.92% Cap Rate More Information Val Toffoli Realty Executives Polaris Realty Cell: (780) 707-9395 Fax: (780) 433-0272 Email: vtoffoli@shaw.ca Web Site: http://www.valtoffoli.com/
The accuracy of property information is the responsibility of the listing agent or brokerage house. Information is assumed to be accurate, but may not be exact.
Type:
Apartment
For Sale:
FOR SALE
Price:
640000
Bedrooms:
24
Bathrooms:
12
Square Feet:
650-700 each
Lot Size:
25,771 sq.ft.
Age of Home:
35 years
Benefits:
Near School
Appliances:
Electric Oven/Range, Range Hood, Refrigerator, Washer, Dryer